Building on more than 150 years of industrial tradition, Hungarian-owned Ganz is launching a major capacity expansion at its Tápiószele plant. Supported by the government’s '150 New Factories Program',the EUR 50.4 million investment will not only double the company’s production volume, but also create 300 new jobs in the region. The development further strengthens Ganz’s […]
The three largest Hungarian mobile internet service providers have increased the roaming data allowance in their price plans, changed the composition of their subscription packages, and there has been no inflation-linked price adjustment this year, the National Media and Infocommunications Authority (NMHH) told MTI on Wednesday, based on its first-half summary of changes in mobile […]
A new chapter is beginning in the life of Sziget Festival — one that preserves its unique atmosphere and diverse programming while introducing a range of spectacular new features. Visitors can expect a refreshed program structure, creative innovations, and non-stop experiences available around the clock. Several venues are being relocated, and new 'districts' within the […]
The volume of Hungary’s gross domestic product grew by 0.1% according to raw data and by 0.2% according to seasonally and calendar adjusted and reconciled data in the 2nd quarter of 2025 than in the corresponding period of the previous year, the country's Central Statistical Office (KSH) reports. Compared to the previous quarter, the economic […]
In compliance with its obligation of extraordinary disclosure of information according to the relevant regulations, the Hungarian energy services provider ALTEO has announced on the website of the Budapest Stock Exchange that the closing preconditions of the sale and purchase contract for the acquisition of ÉLTEX Trade and Shipment Ltd., signed on December 20, 2024 […]
The Embassy of Switzerland in Budapest, in cooperation with the Budapest City Administration, Swisscham Hungary, Budapest Global Association and other partners, has launched the "Switzerland in Budapest 2025" program. This project aims to highlight the deep historical, cultural, and economic ties between Switzerland and Hungary by showcasing the many Swiss traces that can be discovered […]
Plant modernization, increased efficiency, the full utilization of existing capacity, flexible adaptation to future demands and the achievement of carbon-neutral operations are at the center of the plant developments that were inaugurated at Magyar Suzuki Plc.’s Esztergom site. The latest project of the Japanese company, which regularly reinvests in Hungary, is valued at nearly EUR […]
A growing number of Hungarians are facing a challenge to survive on their income, with 27% of the population unable to save at all. This trend is getting worse year by year, and Hungarians are not doing well in international comparisons among the countries participating in the research – this is revealed by the international […]
The international community should place greater emphasis on the joint governance of artificial intelligence (AI), calling for the early formation of a global framework and rules that have broad consensus to guide the development and use of AI, according to Chinese Premier Li Qiang. Addressing the opening ceremony of the 2025 World AI Conference and […]
This year is particularly joyful in the small but vibrant village of Cered in Nógrád County as it will host the 30th international art exhibition. In some respects, this Hungarian settlement, which could be considered the ‘end of the world’, has an active artistic life throughout the year, but the festival on August 9th shines […]
The University of Szeged (SZTE), located in SE Hungarian city of Szeged, signed a cooperation agreement with ContiTech Fluid Automotive Hungária Ltd. and ContiTech Rubber Industrial Ltd. this Monday. The aim of the cooperation is for the participants to mutually assist each other in their innovation and education activities, as well as to launch joint […]
The Swiss-Hungarian Chamber of Commerce (Swisscham Hungary) was founded in 1995 to provide a platform for economic and commercial cooperation between the two countries. Over the past three decades, the trust and expertise of its members and its steadily growing membership have made the Chamber an important player in business life. On the 30th anniversary, […]
On July 28, 2025, Shopper Park Plus Plc. (SPP) signed a letter of intent with ESTON International Ltd., the Hungarian partner of one of the world's leading property advisors, Savills. ESTON International has been managing part of the Shopper Park Plus portfolio since mid-2022, following the acquisition of the properties, SPP announced on the website […]
French-owned Hungarian pharmaceutical company Egis Gyógyszergyár Plc. is set to implement another large-scale investment to boost efficiency and capacity at its base in Körmend, the Hungarian Investment Promotion Agency (HIPA) reports. The EUR 37.5 million investment include the modernisation of the a tableting plant and the galenic plant, and the extension of the storage facility […]
After his first tenure between 2012 and 2016 as Swiss ambassador to Budapest, Jean-François Paroz returned for a second term to Hungary and presented his credentials here in December 2020. Now, at the end of this second term, he tells Diplomacy&Trade that he is satisfied with the fulfillment of his mission. “Swiss-Hungarian relations are influenced […]
